How does business law provide the right and duties of parties?
Jan Meriss Alfonso Assistant at Parklin Law Business law provides the right and duties of parties when they enter into an agreement. This is a broad category that includes everything from buying a product to getting an employment contract. A key aspect One key aspect to understand is that every time two parties agree to engage in a transaction, they have entered into an agreement and they are subject to certain rights and duties. For example, you decide to buy a new car from Joe's Auto Garage. You have agreed to pay money for the car, and Joe has agreed to provide you with the car. This would be considered a contract under the law. On the other hand, if you were hired by Joe's Auto Garage after you applied for the job over the phone, this would also be considered a contract because you agreed to work for them for a certain amount of time in exchange for compensation. Agreement Depending on what sort of agreement was reached, different rights and duties will apply as we...